BP has announced plans to reorganise its operations into two primary business segments, Upstream and Downstream, effective from 1 July 2026.
The company stated that the move aims to simplify its organisational structure, improve performance and focus on value growth for shareholders.
The announcement comes shortly after the dismissal of Albert Manifold as BP’s chair and director.
Last month, the company said Manifold was removed with immediate effect following “serious concerns” related to governance standards, oversight and conduct, a decision taken unanimously by the board. Manifold had served less than a year in the role.
Gordon Birrell will take over as executive vice-president for Upstream, while Richard Harding will serve as interim executive vice-president for Downstream.
The company stated that the move aims to simplify its organisational structure, improve performance and focus on value growth for shareholders.
The announcement comes shortly after the dismissal of Albert Manifold as BP’s chair and director.
Last month, the company said Manifold was removed with immediate effect following “serious concerns” related to governance standards, oversight and conduct, a decision taken unanimously by the board. Manifold had served less than a year in the role.
Gordon Birrell will take over as executive vice-president for Upstream, while Richard Harding will serve as interim executive vice-president for Downstream.
5 days ago
